Daily Market Outlook – Thursday, Nov. 21
Image Source: Pexels Markets continue to express caution, with participants reluctant to take on significant risk. Asian markets are trading with a mix of gains and losses on Thursday, mirroring the mixed performance on Wall Street overnight. Traders are also keeping a close eye on the growing tensions between Russia and Ukraine, with wires reporting that […]
Unlocking ASX Trading Success – South32
ASX: SOUTH32 LIMITED – S32 Elliott Elliott Wave Technical Analysis TradingLoungeGreetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) SOUTH32 LIMITED – S32. We see ASX:S32 likely to have a pullback in the near future with wave 2-grey, before wave 3-grey pushes much higher.ASX: SOUTH32 LIMITED – S32 1D Chart (Semilog Scale) AnalysisFunction: Major trend […]
GBP/USD Forex Signal: Bearish Forecast Ahead Of UK Retail Sales Data
Bearish View Sell the GBP/USD pair and set a take-profit at 1.2550. Add a stop-loss at 1.2750. Timeline: 1-2 days. Bullish View Buy the GBP/USD pair and set a take-profit at 1.2750. Add a stop-loss at 1.2550. The GBP/USD exchange rate remained under pressure after the stronger UK inflation numbers published on Wednesday. It retreated […]
GBP/USD Forecast: British Pound Gives Up Momentum
Technical AnalysisThe technical analysis is very negative, but we are approaching an area that is rather supported. The 1.25 level of course is a large, round, psychologically significant figure, and a lot of people will be paying close attention to whether or not we can find buyers in this region. Furthermore, there will be a […]
EUR/USD Stays Under Pressure As ECB Officials Support More Rate Cuts
EUR/USD sees more downside below 1.0500 as ECB policymakers are concerned about growing risks to Eurozone economic growth. ECB’s Villeroy supports more rate cuts as the balance of risks to inflation and growth is shifting to the downside. Investors will pay close attention to the flash Eurozone/US PMI data for November on Friday. EUR/USD remains vulnerable […]
Silver Price Forecast: XAG/USD Tests A Key Resistance Zone Above $31.00
Silver price (XAG/USD) appreciates to near $31.10 per troy ounce during the European hours on Thursday. The daily chart analysis suggests a possible shift in momentum from bearish to bullish as the pair attempts to break above the upper boundary of the descending channel pattern. Furthermore, the 14-day Relative Strength Index (RSI) is currently positioned just below the 50 […]
Gold Will Double Or Triple If They Monetize Debt In Trump’s Term
Image Source: Pixabay Jared Dillian, author of multiple books and publisher of The Daily Dirtnap, remains long-term bullish on Gold and believes we will have to monetize the debt during the Trump administration, which won’t be bullish for the stock market.Video Length: 00:24:54More By This Author:Understanding Gold Macro Trends In A Single Chart Silver & The […]
USD/CHF Forecast: US Dollar Rallies Hard Against Swiss Franc
In my daily analysis of major currency pairs, the USD/CHF pair continues to see a lot of love, and it does continue to be one of the better performers, considering that it typically just chop back and forth. At this point, it looks as if the 0.88 level is offering a major support level, and […]
Sensex Today Falls 400 Points; Adani Group Stocks Crash 20%
Asian share markets fell today, reflecting a muted mood on Wall Street overnight that was amplified by Nvidia’s lackluster revenue forecast.In US markets, Wall Street’s main indexes ended flat on Wednesday, as investors awaited AI giant Nvidia’s quarterly results, while also eyeing rising geopolitical tensions between Russia and Ukraine.The Dow Jones Industrial Average rose 27 […]
Elliott Wave Technical Analysis – Bitcoin Crypto Price News – Thursday, Nov. 21
Elliott Wave Analysis TradingLoungeBitcoin/ U.S. dollar(BTCUSD)BTCUSD Elliott Wave Technical AnalysisFunction: Follow TrendMode: MotiveStructure: Impulseposition: Wave VDirection Next higher Degrees: wave (I)Wave Cancel invalid level: Details: The five-wave rise of wave V is likely equivalent to wave I at the 98360 level.Bitcoin/ U.S. dollar(BTCUSD)Trading Strategy:The correction in wave 2 seems to be over so we focus on the five-wave rally […]
